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Amna Qureshi - Associate - Digital & Data
June – July 2017
The words ‘accelerator’ and ‘incubator’ often appear to be used interchangeably, but these programs actually offer a different role and can have different implications for startups.
Accelerator programs are usually short term programs in which startups are often provided with a capital injection (usually in return for equity), mentorship and other useful resources with the aim of accelerating the growth of the business. Each accelerator program usually will have a cohort of numerous other startups, and the businesses go through the program to graduate together. Incubators often take a longer term view and focus on developing the foundation and core of the business. They are less likely to offer any funding or take equity, and are sometimes funded by governments or universities.
Here are some of the UAE’s leading incubators and accelerators that you should know about:
Whether you are interested in getting your startup/SME into an accelerator or an incubator, or being part of a startup community – partaking in networking events, workshops or learning and development initiatives, the UAE’s startup ecosystem offers an extensive range of options. These are just amongst some of the world class initiatives that are fostering innovation and contributing to the thriving tech industry in the UAE.
Al Tamimi & Company’s TMT team regularly advises on Technology, Media and Telecommunications matters. For further information please contact Amna Qureshi (firstname.lastname@example.org) or Nick O’Connell (email@example.com).
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